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Deferred Periods

A deferred period is a period of time where the insurance policy is disabled.  Most income protection insurance policies apply deferred periods.

If you select a longer initial deferred/waiting period before benefits become due, it will mean lower premiums per month.

A policy with a 13-week waiting period will typically charge lower premiums than one with a four week deferred period because the insurance company’s costs will be lower; and the claimant has more of a chance of returning to work.

The waiting period chosen should generally tie in with sick pay from employers. But there’s no point opting for a long waiting period if this creates great financial hardship.

If you would like to know more, please submit your details and one of our insurance brokers will call you to discuss your requirements. We are ‘whole of market’ and work with a range of insurers from well-known house names such as Aviva, Friends Life, Legal & General and Zurich, amongst others.

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